To assure you of our strength and stability and the safety of your deposits, we’d like to provide you with the following information about National Penn.
National Penn has had a responsible and prudent credit culture since our founding more than 130 years ago. We have diverse assets and a broad revenue stream, all of which contribute to our stability.
To protect against potential losses, our holding company, National Penn Bancshares, Inc., and our banking subsidiaries are all “well-capitalized,” as defined in government banking regulations.
The U.S. financial services industry is highly regulated. National Penn and our banking subsidiaries are each supervised by various government bank regulators.
Since 2008, FDIC insurance has changed many times. For a history of the changes refer to the FDIC Web site link on the right. The standard amount of FDIC insurance is currently $250,000 per depositor, per insured bank, for each account ownership category. The $250,000 limit is permanent for retirement accounts (including IRAs) and other ownership categories. The FDIC provides separate coverage for deposits held in different account ownership categories. If you would like to know how much FDIC insurance is available in your particular situation, please stop at any of our branch offices or visit the FDIC Web site at www.fdic.gov/deposit.
For more information on FDIC insurance, visit www.fdic.gov/deposit, or you can calculate your insurance coverage using the FDIC's Electronic Deposit Insurance Estimator (EDIE) at www.myFDICinsurance.gov.
For questions about FDIC insurance coverage call the FDIC tollfree 1.877.ASK.FDIC (1.877.275.3342) or ask any branch office representative.
National Penn is also a member of the Certificate of Deposit Account Registry Service (CDARS®), which can protect your money with FDIC coverage, up to $50 million. See any branch representative for details.
Updated: March 25, 2013